The listing from CIMB Islamic further strengthens Bursa Malaysia's proposition to develop Malaysia as an international Islamic financial centre as well as CIMB Islamic's position as a global leader in Islamic finance.
Badlisyah Abdul Ghani, Chief Executive Officer of CIMB Islamic said, "The listing of our Islamic sub-debt on Bursa Malaysia further strengthens our commitment to the development of the Islamic finance industry, in this case, the Islamic debt capital market. Though not a retail offering as yet, we hope this listing will be a precursor to the development of a vibrant retail sukuk market tradable on Bursa Malaysia."
Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "CIMB Islamic's listing marks a milestone for us as they are the first Islamic financial institution to list their sukuk on the Exchange. This move signifies the relevance and appeal of Bursa Malaysia to bigger players in the Islamic finance industry, as well as boosts investor confidence."
Bursa Malaysia registered its first sukuk and bond listings by Petronas and Cagamas in August this year, followed by GE Capital's non-Ringgit sukuk listing in November.
The investor-friendly regime coupled with a robust regulatory and Shari'ah framework has been a conducive platform for sukuk listings and issuance. This enables Malaysia to attract over 60% of worldwide sukuk issuances, making this country a global hub for Islamic finance and investments.
